Landmark franchisee funding model agreement renewed

Carlo Gonzaga Taste Holdings , Nedbank and Brimstone Investment have announced the renewal of their pioneering partnership, Sisonke, which offers funding to potential franchisees that have the ability but lack the start-up capital to open a franchise. Due to its success, this funding model has been extended for a further two years, and whereas in the previous agreement funding was exclusively available to qualifying franchisees of The Fish & Chip Co. , the offer now extends to qualifying franchisees of Zebro's Chicken as well. In essence those entrepreneurs that are interested in acquiring a Fish & Chip Co Franchise or a Zebros fast food franchise and don’t have the full 50% cash contribution which is normally required as a down payment and also don’t have security on offer to support the remaining 50% that is financed, can now put up only a 20% cash contribution and they also don’t have to put up any hard collateral for the 80 % financing component. According to Ma...